$229,000
Land
Listing Office: Local Realty Inc.
Is Pine County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Pine County has remained a Seller's Market.
Key Takeaway
Pine County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine County, MN
How much do homes in Pine County, MN cost?
Median Sold Price
$279,200
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,200(+8.6%)
Key Takeaway
Homes in Pine County have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Pine County was $279,200 in October 2024, up 8.6% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131K | $87.5K | -33.2% |
| 2 Bedrooms | $238K | $230K | -3.4% |
| 3 Bedrooms | $265K | $290K | +9.4% |
| 4 Bedrooms | $352.4K | $350K | -0.7% |
| 5+ Bedrooms | $400K | $380K | -5.0% |
Summary: Pine County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.2%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Counties
| Carlton County | $253K | $278.2K | +10.0% |
| Burnett County | $265.8K | $290.7K | +9.4% |
| Kanabec County | $250K | $271.9K | +8.8% |
| Pine County | $257K | $279.2K | +8.6% |
| Douglas County | $220.1K | $231K | +4.9% |
Housing Supply in Pine County, MN
How many homes are available in Pine County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 183 | 192 | +4.9% |
Summary: The Pine County real estate market had 192 homes for sale in October 2024, a 4.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 15 | +15.4% |
| 2 Bedrooms | 48 | 51 | +6.3% |
| 3 Bedrooms | 66 | 71 | +7.6% |
| 4 Bedrooms | 43 | 42 | -2.3% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Pine County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 45 | +55.2% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine County, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Pine County in October 2024, up by 55.2% month-over-month. Of the 45 sold homes, 62% were sold under asking, 13% were sold at asking, and 24% were sold over asking.
Days on Market for Pine County, MN
How long does it take to sell a home in Pine County, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 65 Days | +48.1% |
Summary: Homes in Pine County had an average of 65 days on market in Oct 2024, up by 48.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pine County has remained consistent over time.
Summary: During October 2024, 45 homes were sold in Pine County; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
